Why AIG Is Selling Stowe Ski Operations

The transcript discusses AIG's long-term ownership of the Stowe ski resort, highlighting its strategic patience and investment during the financial crisis. Vail's acquisition of Stowe is explored, noting its potential for profit and expansion on the East Coast. The history of AIG's ownership is recounted, including the founder's personal connection to Stowe. Finally, AIG's shift in real estate strategy towards mortgages and away from certain properties is examined.

Discuss the cyclical nature of the business mentioned in the text.

What are the implications of AIG's investment strategy for Vail?